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MJS FOUNDATION INC
NEW YORK, NY · EIN 453826353 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Very Large (>$50M)
revenue
$79.2M
expenses
$3.0M
net assets
$64.2M
employees
—
profile · synthesized from sources

MJS FOUNDATION INC is a private foundation based in New York that supports charitable initiatives through significant financial grants. It funds a diverse range of organizations, including educational institutions, medical centers, museums, and nonprofits focused on poverty alleviation and social services. The foundation primarily operates by making large-scale contributions to general operating support, capital campaigns, and specialized research programs.

named programs · 4 · from sources

What they call their work

Capital Campaign Support
Supports major capital projects including the National Museum of Mathematics and Ronald McDonald House Charities New York Metro through pledged gifts.
Education and Public Programming
Funds academic programs, professorships, and public institutions such as New York University, UC Berkeley, and the New York Public Library.
General Operating Support Grants
Provides unrestricted funding to nonprofit organizations such as Robin Hood Foundation and Felicity House to support their core operations and programming.
Medical Research and Education Funding
Finances initiatives at Icahn School of Medicine at Mount Sinai and Stony Brook Foundation, including cancer and pulmonary research centers and endowment campaigns.
activities · 6 groups

What they do

  • Art Museum Funding and Support 1 activity
    • Funding cultural and public institution annual funds
      Provides financial support to the Annual Fund at the New York Public Library and similar initiatives at major cultural and public institutions.
  • Donor-Advised Fund Grantmaking 1 activity
    • Funding donor-advised grantmaking intermediaries
      Makes charitable gifts to donor-advised funds such as Fidelity Investments Charitable Gift Fund to support broader philanthropic goals.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding education and academic positions
      Awards grants to support academic roles and educational programs, including the Dr. Alison Estabrook Professorship at New York University and the ClimateContinuity Hub pilot program at University of California Berkeley.
  • General Operating Support Grants 1 activity
    • Funding general operating support for nonprofit organizations
      Provides general operating support grants to organizations such as Robin Hood Foundation and Felicity House, enabling them to advance their core missions and operations.
  • Hospital and Medical Center Support 1 activity
    • Funding healthcare programs and facilities
      Finances specialized healthcare initiatives and facilities, including the Tisch Cancer Hospital and Lung Cancer Center of Excellence and the Dr. Martin Feuer Pulmonary Educational Fund at Icahn School of Medicine at Mount Sinai.
  • Uncategorized 1 activity
    • Funding capital campaigns and endowment initiatives
      Supports capital and endowment campaigns at institutions including the National Museum of Mathematics, The Center for Discovery, Ronald McDonald House Charities New York Metro, and Stony Brook University through pledged and charitable gifts.
financials · form 990PF · fy2024
revenue
Total revenue$79.23M
Contributions & grants$78.23M99%
Program service revenue——
Investment income$180K0%
Other revenue$0
expenses
Total expenses$2.98M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1K
Grants paid out$31.92M
balance sheet
Total assets$73.92M
Cash—
Investments—
Liabilities—
Net assets$64.24M
5 years on record · 2020–2024 · YoY revenue +321.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SUSAN E GIBBONS DIRECTOR 0 $1K
board members · 4
  • JAMES SIMONS — BOARD CHAIR EMERITUS
  • JEFFREY WACKSMAN — DIRECTOR
  • JOSEPH COSMAI — TREASURER & SECRETARY/DIRECTOR
  • MARILYN SIMONS — PRESIDENT & BOARD CHAIR
relationships · 11

Who they work with

  • FELICITY HOUSE Partner — Receives general operating support from MJS FOUNDATION INC.
  • FIDELITY INVESTMENTS CHARITABLE GIFT FUND Partner — Receives gift to support its mission from MJS FOUNDATION INC.
  • ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI Partner — Receives funding for multiple initiatives including the Tisch Cancer Hospital, Lung Cancer Center of Excellence, and Dr. Martin Feuer Pulmonary Educational Fund from MJS FOUNDATION INC.
  • NATIONAL MUSEUM OF MATHEMATICS Partner — Receives pledged gift to support its capital campaign from MJS FOUNDATION INC.
  • NEW YORK PUBLIC LIBRARY Partner — Receives gift to support its Annual Fund from MJS FOUNDATION INC.
  • NEW YORK UNIVERSITY Partner — Receives pledged gift to support the Dr. Alison Estabrook Professorship from MJS FOUNDATION INC.
  • ROBIN HOOD FOUNDATION Partner — Receives general operating support for its grantmaking programs from MJS FOUNDATION INC.
  • RONALD MCDONALD HOUSE CHARITIES NEW YORK METRO Partner — Receives pledged gift to support its capital campaign in honor of Niki Croce from MJS FOUNDATION INC.
  • STONY BROOK FOUNDATION Partner — Receives gift to support the Stars of Stony Brook Gala from MJS FOUNDATION INC.
  • THE CENTER FOR DISCOVERY Partner — Receives pledged gift to support its endowment campaign from MJS FOUNDATION INC.
  • UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION Partner — Receives gift to support the ClimateContinuity Hub pilot program from MJS FOUNDATION INC.